Federal and state tax laws provide tax incentives for historic preservation projects that follow the Secretary of the Interior's Standards for Rehabilitation. These credits allow taxpayers to reduce, on a dollar-for-dollar basis, the amount of income tax they owe to the government.
Now is the time to invest in Downtown Greeley! With job, investment and historic preservation credits, several grant programs, attractive loan rates, venture capital opportunities, and low lease rates, Downtown Greeley really is the place to be.
Downtown has traditionally been the heart of the community, and Downtown Greeley is no different. It is continually being rejuvenated and revitalized with the addition of new businesses, refaced storefronts, and other renovations. Plus, there is a historic charm that cannot be found anywhere else in the City.
For more information on the incentives, grants, and properties available in the Downtown district, click on the links to the right.
Companies that locate or expand within the physical boundaries of the EZ are eligible to earn a variety of state income tax credits based on each company’s specific activities primarily related to equipment investment, job creation/training, research, and development activities.
The program offers grants to businesses and/or property owners in the Downtown Development Authority Tax Increment Funding (DDA TIF) district to renovate and rehabilitate building facades. This program is offered by the DDA to leverage private improvements that contribute to the overall aesthetics of the district while making revitalization efforts affordable, creative and community-based.
The Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and re-use of historic buildings. It creates jobs and is one of the nation's most successful and cost-effective community revitalization programs.
The Greeley Community Development Fund assists with the financial needs of companies expanding in or locating to the City of Greeley. The Weld/Larimer Revolving Loan Fund, the City of Greeley, commercial banks in Greeley and the Hispanic Loan Program have joined together to provide the initial funding for this loan program.
Historic Structure Assessment grants are awarded for the sole purpose of preparing a report of the physical condition of a historic building or structure in accordance with a mandatory State Historical Fund assessment outline (scope of work). An architect or a structural engineer working under the direct guidance of an architect must prepare the Historic Structure Assessment.
The History Colorado State Historical Fund is a program established by the 1990 constitutional amendment that legalized gambling in Central City, Black Hawk, and Cripple Creek. The amendment mandates that a portion of gaming tax revenue goes to the History Colorado State Historical Fund to fund historic preservation projects throughout the state.